443 Commercial St Trinidad, CO 81082
- Commercial real estate
- 13,419 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 443 Commercial St
- Year built
- 1900
- Lot size
- 0.13 lot acres
- Property size
- 13,419 SF
- Property type
- Commercial real estate
Description
This exceptional Trinidad, CO property presents a unique investment opportunity. Located at 443 N COMMERCIAL Street, this 13,419 square foot building sits on a 0.13-acre lot and is currently leased to a highly successful restaurant, Almack's Kitchen, one of the best in town. The lease generates substantial income, more than covering building expenses with annual rent increases. The sale includes all kitchen equipment, from high-end appliances to the hood system and essential supplies, ensuring a smooth transition for the new owner. A large walk-in refrigerator is also included. A significant advantage is the existing building permit for seven apartments on the second floor, accompanied by complete construction documents, allowing for immediate development of additional rental income. This property offers a dual-income stream, combining a thriving restaurant business with the potential for substantial residential rental income. The asking price is $709,000. This is a rare chance to acquire a versatile commercial property with proven income and significant future growth potential in a desirable location. The combination of a successful restaurant and the approved apartment development makes this a truly compelling investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trinidad
- County
- Las Animas
- State
- Colorado
- Longitude
- -104.507
- Latitude
- 37.1718
